One Cow, One Vote
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One Cow, One Vote. / Albæk, Svend; Schultz, Christian.
I: Scandinavian Journal of Economics, Bind 99, Nr. 4, 1997, s. 597-615.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - One Cow, One Vote
AU - Albæk, Svend
AU - Schultz, Christian
PY - 1997
Y1 - 1997
N2 - We study investment decisions in a farmers' cooperative. Farmers sell their products through the cooperative. Before production takes place the cooperative has to decide on an investment. We study whether voting on investment leads to efficient investment decisions. The answer depends on how the number of votes and the cost of the investment are distributed among the farmers. It is shown that in a variety of settings, there is no reason to suppose that voting rules favoring large farmers - "one cow, one vote" rules - are more efficient than simple majority rule
AB - We study investment decisions in a farmers' cooperative. Farmers sell their products through the cooperative. Before production takes place the cooperative has to decide on an investment. We study whether voting on investment leads to efficient investment decisions. The answer depends on how the number of votes and the cost of the investment are distributed among the farmers. It is shown that in a variety of settings, there is no reason to suppose that voting rules favoring large farmers - "one cow, one vote" rules - are more efficient than simple majority rule
U2 - 10.1111/1467-9442.00083
DO - 10.1111/1467-9442.00083
M3 - Journal article
VL - 99
SP - 597
EP - 615
JO - Scandinavian Journal of Economics
JF - Scandinavian Journal of Economics
SN - 0347-0520
IS - 4
ER -
ID: 155836